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>> IT'S TIME TO GO INSIDE INNOVATION BROUGHT TO YOU BY ALLEGION. PIONEERING SAFETY. INDIANA HAS BUILT A REPUTATION
AS A GLOBAL MANUFACTURING MECCA. NOW, GOVERNOR ERIC HOLCOMB SAYS HE SEES AN EMERGING PROFILE IN THE STATE IN INNOVATION AND
RESEARCH AND DEVELOPMENT. THE GOVERNOR IS MY GUEST THIS WEEK ON THE BUSINESS AND BEYOND PODCAST. HE SAYS EVEN IN THE
FACE OF THE PANDEMIC, THE STATE IS ON PACE FOR A RECORD YEAR FOR ECONOMIC DEVELOPMENT. AN EXAMPLE...AMAZON, APPLE AND
TOYOTA ANNOUNCING INVESTMENTS TOTALING NEARLY $2 BILLION DOLLARS WITH THOUSANDS OF POTENTIAL JOBS.
AND THE GOVERNOR SAYS THE STATE IS ALSO MAKING BIG GAINS IN THE R & D SECTOR. >> ONE THING ABOUT INDIANA IS,
WE ARE A POWERHOUSE WHEN IT COMES TO MANUFACTURING, ADVANCED MANUFACTURING. WE ARE A POWERHOUSE. OUR REPUTATION
PRECEDES US IN TERMS OF DISTRIBUTION. WE'RE NOW INCREASINGLY BECOMING A PLAYER ON THE BIG STAGE IN TERMS OF
RESEARCH AND DEVELOPMENT. SO, YOU'RE SEEING US LEAN MORE AND MORE INTO THAT PHASE OF THE WHOLE PROCESS. THOSE ARE HIGHER
WAGES. WITH THAT REVENUE AND THAT RESPONSIBILITY, COMES REINVESTING MORE IN JOB TRAINING AND SKILLING UP OUR WORKFORCE TO
BE ABLE TO COMPETE WITH OTHERS AROUND THE WORLD. WE'RE GETTING VERY CHOOSY AND PICKY ABOUT PROJECTS WE GO AFTER AND I SAY
THAT BECAUSE THROUGH THE PANDEMIC THROUGH THE INDIANA ECONOMIC DEVELOPMENT CORPORATION,
WE HIT A NEW RECORD OF THE NUMBER OF NEW JOB COMMITMENTS COMING TO THE STATE BECAUSE BUSINESSES DIDN'T SHUT DOWN
FOREVER BECAUSE THEY'VE GOT TO GROW OR THEY WILL DIE. EVEN IN THE FACE OF A PANDEMIC. THEY WERE MAKING THE INVESTMENTS,
DOING THE ANALYSIS AND THEY WERE LOOKING AT PLACES, GOOD ECO SYSTEMS WHERE THEY COULD GROW AND INDIANA WAS ON THEIR RADAR
MORE TIMES THAN NOT. THAT ALLOWED US TO GO OVER 31,000 NEW JOB COMMITMENTS. WHEN YOU LOOK AT US WHERE WE ARE THIS JULY
COMPARED TO LAST JULY, WE'RE ABOUT 5,000 RIGHT NOW THAT WE WERE LAST JULY WHEN WE BROKE THE RECORD. WE'RE AT $3.8-9 BILLION
IN CAPITAL INVESTMENTS. WE WERE AT JUST UNDER TWO (BILLION) AT THIS TIME IN JULY LAST YEAR. WE'RE AT 40-50, ALMOST 50
PROJECTS THAN WE WERE AT THIS TIME LAST YEAR. AND THE WAGES ARE HIGHER, TOO. AT THIS TIME, WE'RE ABOUT $2 HIGHER THAN
THIS TIME LAST YEAR. SO, WE CONTINUE TO KNOCK ON ABOUT $30 AN HOUR HOURLY WAGE. WE'RE GOING TO KEEP LEANING INTO THAT. SO,
IF YOU SEE THOSE NEW JOB COMMITMENTS COME DOWN, IT'S ONLY BECAUSE ONE OF THE CENTRAL REASONS WILL BE IS BECAUSE WE'RE
GOING FOR A HIGHER WAGE JOB. WE ARE ALSO NOW, UNLIKE EVER BEFORE BECAUSE WE CAN WE'VE POSITIONED OURSELVES TO INVEST OURSELVES
INTO QUALITY OF PLACE. OFTEN TIMES, WHEN YOU'RE TRYING TO ATTRACT TALENT AND MILLENNIALS AND TALENT OF THE FUTURE, YOU'VE